Tesla's Model S Receives "Above Average" Reliability Rating

Consumer Reports' rollercoaster rating changes on electric-car maker Tesla's (NASDAQ: TSLA) vehicle reliability continued on Thursday. The consumer reporting agency raised its reliability rating for the company's Model S sedan from average to above average. The rating change follows a change in 2015 when CR lowered the Model S's rating from average to below average. More recently, CR had rated the Model S's reliability as average.

Marking Tesla's first above-average reliability designation for any of its models, the rating bodes well for Tesla's upcoming Model 3, CR said.

Model S. Image source: Tesla.

Source: Fool.com